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Monday 8 October 2018

EPIC RESEARCH MCX Copper UPDATE OF 08 October 2018

Copper trading range for the day is 448.3-463.9.

* Copper dropped as pressure seen amid rising U.S. interest rates and a slowdown in China is weighing, submerging signals pointing to potential shortages.

* China’s overseas expansion will spread over land that is home to more than half the world’s population, potentially boosting copper use by 1.6-million tons.

* Concern about nearby shortages on the LME market have created a premium for the cash over the three-month contracts in recent days. -

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